Latest DePIN News

Top DePIN Cryptos to Watch: Bittensor, Filecoin, and Render are poised to outperform in the future. Bittensor's market cap reached $2.025 billion, with a 55% increase in trading volume. Filecoin shows strong fundamentals with a high score of 9.7/10. Render experienced a surge in derivatives trading volume. Despite challenges, these projects exhibit potential for growth.

Roam announces a 20 million $ROAM token airdrop for users with miners and NFTs before the Token Generation Event. The Roam Rainier MAX60 router integrates Wi-Fi 6 and Web3 features, offering high performance and stability. Users can earn Roam Points through network contributions and convert them into $ROAM tokens post TGE. The unique burn mechanism increases token value and rarity. Roam miners provide efficient mining performance, dual mining support, and airdrop rewards from partner projects. Roam will participate in Korea Blockchain Week 2024, with the co-founder delivering a keynote speech on global WiFi roaming.

PowerPod, the first DePIN NFT with with real-world benefits launched in collaboration with Mamotor electric motorcycle company in Macau, was sold out on the IoTeX chain within hours. This NFT allows holders to earn $PT tokens based on the daily electricity consumption at Mamotor's electric motorcycle charging stations in Macau for a 30-day period. PowerPod, initiated by IoTeX, aims to build a decentralized energy sharing network, with the charging scenario for new energy vehicles being its first successful implementation. By utilizing the DePIN model, PowerPod seeks to accelerate the coverage of new energy infrastructure, improve resource utilization, and reduce carbon emissions through device sharing and resource interoperability. IoTeX, as a leader in DePIN infrastructure, has provided early and comprehensive support to PowerPod in terms of engineering, technology, and resources to accelerate its development. Energy, especially new energy infrastructure, is one of IoTeX's key focus areas and a significant value proposition for DePIN. IoTeX will continue to support innovative DePIN projects through its modular infrastructure platform and DePIN Surf accelerator, driving DePIN towards a era of widespread adoption.

EGLD Price Analysis: Bullish Reversal Signals Potential Breakout Rally. The EGLD token, part of the multiversX ecosystem, is showing positive momentum amid a falling channel pattern. Currently trading at $28.38, with a 0.74% intraday growth, EGLD aims to challenge resistances at $37.55 and $45.34. The recent double-bottom reversal indicates a bullish cycle re-entering the consolidation range. Technical indicators suggest a positive trend, with the daily RSI above the halfway line. Overcoming the bearish trend line will be crucial for EGLD's price surge.

DePIN: Revolutionizing Infrastructure Through Blockchain Technology DePIN, short for decentralized physical infrastructure networks, aims to transform the world by creating an interconnected ecosystem driven by computing power and resource sharing. By challenging centralized control and bridging the gap between physical and digital infrastructure, DePIN offers a decentralized ownership model. This shift addresses concerns over data integrity and privacy, empowering individuals to control their technology destiny. Through DePIN, critical infrastructure like health, transport, and energy can be reimagined for the greater good. Utilizing decentralized networks, DePIN provides cost-effective solutions by incentivizing individuals to contribute computing resources. This model fosters a resource-sharing economy and eliminates the risks of centralization. With projects like Filecoin, Drife, Healthblocks, and Qualoo Network leading the way, DePINs have a promising future in revolutionizing ownership of critical infrastructure.

DAWN aims to disrupt the current internet landscape by addressing the disparity in internet connection costs between ISPs and end-users. ISPs purchase wholesale bandwidth for as little as $0.50 Gbps and resell it to consumers at a markup of up to 100 times the original price. DAWN leverages Fixed-Wireless broadband technology to minimize this price gap, focusing on high-performance bandwidth, scalable infrastructure, and decentralization. The protocol seeks to revolutionize the internet through the concept of DePIN. This initiative promises to reshape the internet market and provide fairer pricing for retail households.

Polygon Ventures and Amber Group co-led a funding round for Edge Matric Chain (EMC), a project focusing on decentralized AI applications. EMC plans to launch a Layer-1 blockchain for AI, enhancing GPU computing capabilities. The investment will introduce a new asset class in decentralized finance, backed by tokenized GPU resources. This move signifies Polygon's deeper expansion into AI and DePIN sectors. The rise of AI and DePIN is a top trend in 2024, with projections of adding $20 trillion to global GDP by 2030. UAE firms have launched a $500 million fund for DePIN and AI development, while Vitalik Buterin sees DePIN as crucial for DeFi. The market capitalization of DePIN is nearing $19 billion, with projects like Render and Bittensor leading the way.

Top Decentralized Physical Infrastructure Networks (DePIN) projects are gaining momentum, with $TAO leading in social activity according to PHOENIX. Following closely are $ICP, $EGLD, $RENDER, $HOT, $WMT, $FIL, $AKT, $THETA, and $AR. These projects have seen significant engagement and interactions, showcasing the growing interest in this innovative sector.

Helium (HNT) has surged past $7, breaking the recent downtrend in altcoins with a 12% rally. Speculation is rising on whether HNT will reach a new all-time high as trading volumes and open interest soar. Factors driving this surge include increased buyer activity, bullish technical indicators, and growth in decentralized physical infrastructure networks. Traders are monitoring key technical levels such as moving averages, resistance and support levels, and the long/short ratio. Despite some caution in the market, the positive sentiment around Helium suggests a potentially bullish outlook for the cryptocurrency.

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